Specter of deflation
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China’s stats bureau released inflation data for May on Thursday.
The headlines:
The consumer price index (CPI) rose 0.2% y/y, up from 0.1% in April.
The producer price index (PPI) fell 4.6% y/y, compared with a 3.6% y/y decline in April.
May’s fall in producer prices was the largest since Februar...